1、SP AUSNETANNUAL REPORT 2007SP AusNet employs aerial techniques using demineralised water to wash dust and soot from insulators on the transmission network in south-west Victoria.Cover Image:Ben Marsh,Apprentice Power Technician,perfecting his safe climbing skills on a transmission training tower at
2、South Morang training centre.CONTENTSCHAIRMANS REPORT 8MANAGING DIRECTORS REPORT 9BOARD OF DIRECTORS 10EXECUTIVE MANAGEMENT TEAM 12ENERGY NETWORKS 14BUSINESS GROWTH 22CORPORATE SUSTAINABILITY 26CORPORATE GOVERNANCE 30FINANCIAL REPORTS 36SP AUSTRALIA NETWORKS(DISTRIBUTION)LTD 37SP AUSTRALIA NETWORKS(
3、TRANSMISSION)LTD 99SP AUSTRALIA NETWORKS(FINANCE)TRUST 151SECURITYHOLDER INFORMATION 176FINANCIAL CALENDAR 179ANNUAL GENERAL MEETING 179ENQUIRIES AND INFORMATION 179GLOSSARY 180SP AUSNET IS A DIVERSIFIED ENERGY INFRASTRUCTURE BUSINESS OWNING AND OPERATING VICTORIAS PRIMARY ELECTRICITY TRANSMISSION N
4、ETWORK,AS WELL AS AN ELECTRICITY DISTRIBUTION NETWORK IN EASTERN VICTORIA AND A GAS DISTRIBUTION NETWORK IN WESTERN VICTORIA.SP AUSNET COMPRISES REGULATED ENERGY NETWORK COMPANIES SP AUSNET TRANSMISSION AND SP AUSNET DISTRIBUTION AND THE SP AUSNET FINANCE TRUST WHICH FINANCES THOSE COMPANIES.INVESTM
5、ENT IN SP AUSNET COMPRISES A STAPLED SECURITY CONSISTING OF ONE SHARE IN EACH OF SP AUSNET TRANSMISSION AND SP AUSNET DISTRIBUTION,AND ONE UNIT IN SP AUSNET FINANCE TRUST.SP AUSNET PRIDES ITSELF ON MAINTAINING HIGH QUALITY ENERGY NETWORKS AND IS WELL POSITIONED TO TAKE ADVANTAGE OF GROWTH WITHIN ITS
6、 REGIONS AND PARTICIPATE IN FUTURE ACQUISITION OPPORTUNITIES.Karolina Bialek,Building Services Coordinator and Kevin Murphy,Manager Financial Planning and Analysis2SP AUSNET ANNUAL REPORT 20073Sam Giarratana,Manager Gas Services and Peter Ernst-Russell,Senior Commercial LawyerOUR VALUESCOMMITMENT WE